Single-Family Rental Prices Edge Up Slightly

Single-family rental rates grew slightly at the beginning of 2025. In January 2025, rent prices increased by 2.4% year-over-year. This is down from January 2024, when rent prices grew by 2.6%. Prior to 2020, single-family rent growth increased in the range of 2% to 4% for nearly a decade, averaging 3.5%, according to Multi-Housing News. However, rental rates vary across the country. Washington, D.C., saw the most growth at 6.4%, with Chicago following at 6%. On the other hand, Dallas saw the lowest single-family rent price growth at just 0.3%.

While Washington, DC, and Chicago had the highest growth in January, the Florida markets saw the highest growth since 2020. Single-family rent in Miami is up 52 percent, while Washington, DC grew 30 percent and Chicago grew 25 percent. Read more